Monitoring Agency Report

August 05, 2026 To To Listing Compliance Department Listing Compliance Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex, P J Towers, Dalal Street, Bandra (East), Mumbai– 400051 Mumbai - 400 001 Symbol: SAMBHV Scrip Code: 544430 Dear Sir / Madam Sub: Monitoring Agency Report Pursuant to Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), read with Regulation 41 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, we hereby submit the Monitoring Agency Report issued by CARE Ratings Limited, for the quarter ended June 30, 2026, in respect of utilization of gross proceeds of the IPO of the Company. We request you to kindly take the information on your records. The aforesaid intimation is also being made available on the website of the Company at: www.sambhv.com Thanking you, For, Sambhv Steel Tubes Limited Niraj Shrivastava (Company Secretary and Compliance Officer) Membership No. F8459 No. CARE/KRO/GEN/2026-27/1056 The Board of Directors Sambhv Steel Tubes Limited Harshit Corporate, 5th Floor Office No. 501 to 511, Amanaka Raipur Chhattisgarh 492001 August 04, 2026 Dear Sir/Ma’am, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the IPO of Sambhv Steel Tubes Limited (“the Company”) We write in our capacity of Monitoring Agency for the IPO for the amount aggregating to Rs. 440 crore of the Company and refer to our duties cast under 41 of the Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations. In this connection, we are enclosing the Monitoring Agency Report for the quarter ended June 30, 2026 as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated June 18, 2025. Request you to kindly take the same on records. Thanking you, Yours faithfully, Shivangi Sharma Assistant Director Shivangi.sharma@careedge.in CARE Ratings Limited Unit No. A/7/4, 7th Floor Block A, Apeejay House, 4th Floor, Godrej Coliseum, Somaiya Hospital 15 Park Street, Kolkata – 700016 Road, Off Eastern Express Highway, Sion (East), Phone: +91-33-4018 1600/2283 1803 Mumbai - 400 022 Phone: +91-22-6754 3456 • www.careedge.in CIN-L67190MH1993PLC071691 Report of the Monitoring Agency Name of the issuer: Sambhv Steel Tubes Ltd For quarter ended: June 30, 2026 Name of the Monitoring Agency: CARE Ratings Limited (a) Deviation from the objects: No (b) Range of Deviation: Nil Declaration: We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit related analyses. We confirm that there is no conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer, or while undertaking credit rating or other commercial transactions with the entity. We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board. Signature: Name and designation of the Authorized Signatory: Shivangi Sharma Designation of Authorized person/Signing Authority: Assistant Director CARE Ratings Limited Unit No. A/7/4, 7th Floor Block A, Apeejay House, 4th Floor, Godrej Coliseum, Somaiya Hospital 15 Park Street, Kolkata – 700016 Road, Off Eastern Express Highway, Sion (East), Phone: +91-33-4018 1600/2283 1803 Mumbai - 400 022 Phone: +91-22-6754 3456 • www.careedge.in CIN-L67190MH1993PLC071691 1) Issuer Details: Name of the issuer : Sambhv Steel Tubes Ltd Name of the promoter : Vikas Kumar Goyal Industry/sector to which it belongs : Iron & Steel 2) Issue Details Issue Period : June 25, 2025 to June 27, 2025 Type of issue (public/rights) : Public Issue (IPO) Type of specified securities : Equity shares IPO Grading, if any : Not applicable Issue size (in crore) : Rs. 440 crore 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / Comments of the certifications considered Comments of the Particulars Reply Board of by Monitoring Agency for Monitoring Agency Directors preparation of report The company has utilized Rs.1.50 crore towards the object “General Corporate Purposes” and Rs. 0.20 crore towards the object “Issue expenses” in Q1FY27. Funds earmarked towards “General Corporate Purposes” were transferred from Public Issue account to SBI CC account as reimbursement claimed against expenses incurred by the company towards raw material purchases in ordinary course of business. CA certificate*, Bank Whether all utilization is as per the Yes statements, Management Further, the company has taken the approval from Finance disclosures in the Offer Document? certificate, Offer document Committee of the Board of Directors in accordance with Resolution dated June 10, 2026 and decided the utilization of unutilized GCP amount of Rs. 1.50 crore as on March 31, 2026 towards purchase of materials, working capital requirements and expenses incurred in the ordinary course of business. Subsequently, the Board of Directors took note of the same in its Board Meeting dated July 15, 2026 and passed the Board Resolution taking cognizance of the approval given by Finance Committee. Source of information / Comments of the certifications considered Comments of the Particulars Reply Board of by Monitoring Agency for Monitoring Agency Directors preparation of report Furthermore, of the total amount of Rs. 0.20 crore utilized towards the object “Issue Expenses”, Rs. 0.19 crore was utilized from Public No Comments Issue Account towards settlement of issue-related expenses, while the balance Rs. 0.01 crore was claimed as reimbursement for issue expenses initially borne by the company. Whether shareholder approval has CA certificate*, Bank been obtained in case of material Not applicable statements, Management None deviations# from expenditures certificate, Offer document disclosed in the Offer Document? Whether the means of finance for the CA certificate*, Bank disclosed objects of the issue have No statements, Management None changed? certificate, Offer document Is there any major deviation observed CA certificate*, Bank over the earlier monitoring agency No statements, Management None reports? certificate, Offer document Whether all Government/statutory CA certificate*, Bank approvals related to the object(s) have Not applicable stateme [Showing first 8,000 characters — download PDF for full document]